world news
Airline Industry fears bankruptcy in two months; countries summoned to find a rebound plan
#World – March 16, 2020 — In two months, airline companies will be bankrupt as cash flows are drying up and the industry is calling on global governments to coordinate in order to avoid a collapse.
“Forward bookings are far outweighed by cancellations and each time there is a new government recommendation it is to discourage flying. Demand is drying up in ways that are completely unprecedented. Normality is not yet on the horizon.”
The position was, mere hours ago, shared within a media release from the Center for Aviation, CAPA and is another casualty of fears linked to COVID-19.
“…while governments are grappling with the health challenges of coronavirus, it is clear that there is little instinct to act cooperatively. Messages are mixed and frequently quite different.
Each nation is adopting the solution that appears best suited to it, right or wrong, without consideration of its neighbours or trading partners.”
Last week, International Air Transport Association, IATA forecast an economic free fall of $113 billion; now it appears the entire industry is at risk due to the unprecedented actions which governments are taking in the effort to contain the spread of the coronavirus, which emerged in December 2019.
Worldwide, over 181,000 people have tested positive for COVID-19, and while more than 78,300 people have recovered; the death toll in three months is significant at slightly above 7,100 people.
Today, France, Canada and Trinidad and Tobago closed their borders to visitors.
CAPA said, in most cases, these decisions are being made unilaterally with no consultation.
“Each nation is adopting the solution that appears best suited to it, right or wrong, without consideration of its neighbours or trading partners. When, for example President Trump peremptorily announced the effective cancellation of airline access to most Europeans, he didn’t even advise his European government counterparts in advance, let alone consult with them. Other governments have performed little better.”
CAPA, in its analysis pointed out that the industry accounts for 20 percent new jobs worldwide and worries that a rebound will be skewed and possibly, detrimental to lesser known airline companies.
“The alternative does not bear thinking about. An unstructured and nationalistic outcome will not be survival of the fittest. It will mostly consist of airlines that are the biggest and the best-supported by their governments. The system will reek of nationalism. And it will not serve the needs of the 21st century world.
Flights are being cut, planes grounded and staff laid off; among those reporting on the negative effects of the travel restrictions being imposed in response to the rapidly spreading COVID-19 virus are American Airlines, which has cut flights by 75 percent and Delta Airlines, which has dropped 40 percent of its commutes.
Deandrea Hamilton | Editor
August 15, 2025 – At least nine people, including four children, were killed in flash flooding on the island of São Vicente, Cabo Verde, when the storm that
would become Hurricane Erin swept through the West African archipelago last week. Authorities there say another five remain missing and more than 1,500 residents were displaced after torrential rains inundated homes and swept vehicles from the streets.
Now a major hurricane over the Atlantic, Erin has moved past the Leeward Islands, the British Virgin Islands, and the U.S. Virgin Islands, where residents endured heavy rain, gusty winds, and rough seas over the weekend. The Antigua and Barbuda Meteorological Services has issued an official all clear for the Leeward and British Virgin Islands, though forecasters caution that flood watches, high surf, and rip current risks remain in place.
Damage assessments from the Virgin Islands are still under way, with reports of localized flooding, power outages, and disrupted transport. No fatalities have been reported in the Caribbean to date.
Attention has now shifted to the Turks and Caicos Islands, which are beginning to feel tropical storm conditions as Erin tracks northwest.
Heavy rainbands and gusty winds are expected to continue there into Monday, bringing the potential for flooding and coastal erosion.
Meanwhile, in The Bahamas, a Tropical Storm Watch has been issued, with forecasters warning of heavy rainfall, dangerous seas, and possible tropical-storm-force winds later this week. Travelers to both The Bahamas and Turks and Caicos are being urged to monitor advisories closely, check travel plans with airlines and hotels, and follow local safety instructions.
-
Bahamas News1 week agoU.S. Coast Guard Trains Bahamian Partners in Water Survival Skills
-
Government1 week agoTamica Prospere Appointed Director of Learning and Development
-
TCI News1 week agoPurchasing Stolen Items Online
-
TCI News1 week agoTCI Boat Club Donates $7,000 to TCI SNAP Centre from 11th Annual Poker Run
-
Caribbean News4 days agoSandals Corporate University Wins Double Gold in AI Innovation and Hands-On Hospitality Training
-
TCI News4 days agoBeaches Turks and Caicos Builds Future Leaders Through Investment in Local Talent
-
Bahamas News4 days agoConflicting Reports as Grand Bahama Awaits Its New Airport: What to Believe?